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Well as -- -- mentioned Tom and I are talking about hurricane sandy has left an enormous amount of damage.
And evidently there's going to be a lot of rebuilding to do should you invests.
And home improvement stocks to profit.
From the storm Charles Payne joins us now what you need to know -- -- make money and -- -- countless Charles that a lot of people that are preparing to make moves tomorrow in the market.
Are thinking the same way that you are right.
And I united -- have discussed this for the last three days Friday I gave you three starts -- I think have long term potential yesterday clean harbors is another name I think long term.
The home improvement stores are different though that -- anyway you know and everyone does the first knee jerk reaction right what do you do everyone says well yes -- go to Lowe's Home Depot.
We know that the gonna benefit there's -- no question about that book what kind of -- -- what have what kind of impact will have on the stock it is one of take you back to Hurricane Katrina.
One that happened late August 2005.
Both of these stocks were on the move up both of them actually traded right near their all time high it back over the next few years they just tumbled.
-- what from 32 to fifteen bucks Home -- more from 38 ultimately the 21 dollars you know what to crash of the market.
So people who bought Hurricane Katrina bought those sites and has a long term investment actually got waxed pretty good.
Fast forward more recently at -- less than they reported mr.
street by the -- called Home Depot beat par four cents.
Consensus estimates for next year drop the -- went up and -- people will believe it or not.
There's a downgrade most recently -- Home Depot to upgrade poll also tallied it's kind of confusing for me.
I like home Depot's film and delivered more expensive using traditional valuation metrics but I think they're better operators have more stores.
In the hard hit areas where the storm -- its -- went.
And you know again I just happen to think that it's a better operation better historical execution so I would be willing to pay extra Ford for both of these stocks as he did for that.
What about his support.
Thirty dollar through Los 58 for Home Depot in a break out at 63 from the Pope really I think it takes off a break out of thirty people lows -- that to be a takeoff point for his well I.
Positive and -- coming out -- this entire storm if you are gonna have new construction you're gonna have jobs.
Added to the economy will -- -- present Charles Payne thank you got very much I think I've made some money -- plan.
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